St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-21
YESTERDAYS MARKET.
On the Chicago Board of Trade the Deal
ings in Wheat We're Heavier
Than Usual.
Members of the Recognized Bull Crowd
Jumped Into the Pit and Bought
Large Lots.
The Purchasers Were Not Only for
May Delivery, But Extended
Into June.
Transactions in the Financial Cir
cIes of Wall Street--General
Quotations.
Special to the Globe.

special 10 the Gl0De.
CHICAGO, April 20,-It is within ten days of
May delivery now, and whoever takes that
option on now-barring the scalpers-must, 1t
argued, be preparing to take the cash
wheat, put up money for it, and put away
The receipts. This was why the crowd was
very greatly alarmed this morning when,
shortly after the opening, Kershaw & Co. and
irwin, Green & Co. became large buyers OF
May wheat. The price advanced at once. So
far as the payment for the cash wheat is con-
cerned. the evidence is accommodating that
this clique proposes to take in elevator re-
ceipts and put out money. George G. Walker
has told personal friends that. so far as the
cash wheat in his office is in question, it will
be received and paid for. Walker & Co. are
credited with having 5000, coo bushels bought.
NJ. Rosenfeld s. Co. made just as little secret
OF their customers purposes, and say openly
that they will receive the receipts and pay
cash for them. These two concers are sup
posed between them to have contracts calling
for not less than 10000 600 bushels, and while
few put the figure lower,
SOME PUT IT HIGHER.
With Irwin, Green s. Co. and Ker-
shaw & Co. buying May options on
April 90 at cents premium over June, 1t
would certainly look as if they wanted the
cash wheat and nothing else. Soon after the
opening the clique houses Resented Il Co.,
Kershaw Il Co, and Field. Lindey s. Co., be-
came large buyers. Their operations were
involved enough to keep their plans secret,
but their purchases were so much larger than
the sales that the market at once advanced.
May advanced in very short order to S414c.
The operations were on so a large scale, too,
that the crowd at once Surrendered-Sur-
rendered not only its opposition to the ad-
vance, but any lingering hope that the clique
did not propose to take the cash wheat, 1t
was not possible any longer to believe that a
clique which was buying May wheat at pre-
MUM of cents over June within ten days
of the delivering did not propose TO take the
cash grain. Wheat swung around some DUR
ing the session. was up above 81 cents and
down low as S35sc- The price, however,
did not change half as much as the senti-
ment. There are left now very few, indeed,
who have any doubt about the May wheat
clique.
THE ROUTINE REPORT.
CHICAGO, April 20.-The wheat market
turned strong to-day, members of the recog-
niZed 'bulI' crowd appearing in the pit and
bidding for good sized lots. The trailing on
the whole was the heaviest in number of
days. The buying was not only for May de-
livery, but extended also into June, and that
option at the close was within 1c of May,
while the difference Yesterday was 1$4c.
shorts were good buyers to-day aud aided
the advance. The buying of June created the
impression that the June option would come
under control of the bull combination.
Liverpool was quoted quiet and steady. The
amount of wheat Oh ocean passage increased
100000. The clearings from three Atlantic
ports were 157,000, and from Detroit and To-
lcdo the shipments were $4,000. The market
opened at S31sc for May, rose to sac, fell off
to $3.50, rose to $3.50 and closed for the day
at S40S41sc. Corn was quiet and easy, prices
averaging a shade lower than yesterday.
Oats were featureless. Mess pork was I'M
changed. Lard was moderately active and
5O11ac per 100 lbs lower early, but rallied and
closed about the same as on yesterday. Short
ribs broke off 15@171ac early, rallied 1O@15c.
but again declined 15@171ac, rallied trifie
and closed moderately steady.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. =. April, opened at S11sc, clos
ing at S234GS2c7s; May, S31ac, closing at $40
Sf1ac; June, slice closing at So Sc; July, S1ssc,
closing at sac. Corn-No. 2, April, 371ac,
closing at 373sc: May, 3SLc, closing at 3s$sc;
closing at 4114G1413sc. Oats-No. 2, April,
271ac, closing at 27sSc; May, 2s1ac, closing at
2S$sc; June, 29c, closing at 291sc; July,
-29c. closing at 291sc. Mess pork, per barrel
April, S20.65, closing at $20.65; May, $50. rs,
closing at S2O.75; June, $20.75, closing at
$20.75. Lard, per 100 pounds-April, S7.07%,
closing at S7.15; May, $40, closing at
S7.173a; June, $3.50, closing at S7.25; July.
$3.50, closing at S7.35. Short ribs. per
100 pounds-April, $7.65, closing at $40;
hay, $40, closing at 81. rs; June, $3.50, clos
ing at S7.S5; July, 1872, closing at s7.95.
Cash quotations were as follows: Flour steady
and unchanged. Wheat-No. spring, $3.50
S21sc; No spring, 76DT7c; No. red, $3.50
sage. Corn-No. 2. 372s@371ac. Oats-No. 2,
271sc. Rye-No.2 2, 561ac. Barley-No. 2, SO
@60c: Flax Seed-No. l, S1.071a@1. O7s4c. Tim
othy Seed-Prime, $1.64. Mess pork. per Dbl,
5000 Lard, per 100 lbs, S7.15. Short ribs
sides, loose. $40, dry sailed shoulders,
boxed, S6@6.10; short clear sides, boxed,
SS.15@S.20. Whisky, distillers' finished goods.
per gal, Sl.1S. Sugars, cut loaf, 614@65sc;
graduated, 61sc; standard "A" 55ac. Re
ceipts-Flour, $4,000 bbls; wheat, 10000 bu;
corn, 10S,O0c bu: oats, 10000 blu; rye, 5000
bu; barley, 1900 bu. Shipments-Flour,
1000 bbls; wheat, 1900 bu; corn, 5000 bu:
oats, $4,000 bu;, rye, none; barley, 5000 blu.
On the produce exchange to-day the butter
market was quiet and weak; creamery, ITO
227ac per ID; dairy, 151a@21c. Eggs, 1134@
12Ic per dOZ.